Mining Blog & Mining News

Blog • 30 March 2021, Tuesday, 12:00

Minereum Launches Bazarswap OTC DEX With a 6 ETH Promo

Disclaimer: The text below is a press release that was not written by Cryptonews.com. The world’s first self-mining smart contract, Minereum, has just launched the first over-the-counter (OTC) decentralized cryptocurrency exchange for ERC20 tokens called Bazarswap. Aside from the lack of intermediaries, the new exchange also offers advantages such as zero exchange fees in the foreseeable future, direct and automatic payouts for both buyers and sellers, and allowing users to add any ERC20 token t...

Blog • 29 March 2021, Monday, 10:00

How Education – and Envy – Turned a Billionaire Skeptic into a Bitcoin Bull

A little research with a healthy side helping of jealousy has convinced one of Norway’s richest people to bin his bitcoin (BTC) doubts and buy into the BTC trend. Øystein Stray Spetalen is a high-profile investor and holds board positions on pharmaceuticals, shipping, and sports-related companies – and was linked in the mid-2000s to a possible takeover deal with the footballing behemoth Liverpool FC. Ever frank and outspoken, Spetalen has not held back on the subject of bitcoin, and as recently ...

Blog • 29 March 2021, Monday, 08:00

Ukrainian Finance Minister Says Crypto Is ‘Promising’

The new Ukrainian finance minister has spoken about the state’s plans to regulate the domestic crypto market, and claimed that although he has doubts about what is “backing” crypto, he feels it is “promising.” In an interview with 24 Novosty, the recently appointed minister, Serhiy Marchenko, stated that the nation’s Ministry of Digital Transformation “has the desire to regulate the cryptocurrency market,” but mused that crypto “might become the global currency for settlements in the future.” “C...

Blog • 28 March 2021, Sunday, 10:00

Joe Biden's USD 1.9T Stimulus Won't Reignite World Economy

Michael Kitson, University Senior Lecturer in International Macroeconomics, Cambridge Judge Business School. _ The economic orthodoxy has long been that governments should try to balance their books and leave all the heavy lifting in managing their economies to central banks. We saw this writ large in the years after the financial crisis of 2007-2009, as most major powers pursued austerity while their central banks slashed interest rates and announced successive rounds of quantitative easing (AK...

Blog • 28 March 2021, Sunday, 08:00

Institutions & Retail Compete For Bitcoin - Whose Hands Are Stronger?

The institutional investors are here, bringing with them billions of dollars and record-high bitcoin (BTC) prices. This is something the market had been expecting for years, but now that it has finally arrived, it potentially brings risks as well as benefits. Might institutions be less ‘loyal’ to bitcoin than retail investors who are subscribed to the ‘HODL’ culture and mentality? Might the fact that they hold millions or billions of bitcoin put the market at risk of a big drop if one or more of...

Blog • 26 March 2021, Friday, 14:00

Wait For IRS Before Spending Bitcoin, NFT Exhibition, Crypto.org Chain + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Taxes news The active management firm Ark Invest founder Cathie Wood said that bitcoin (BTC) investors in the US shouldn't transact with the coin until the tax code is changed. During a Thursday webcast hosted by the Cboe exchange, Wood has advised cryptocurrency investors against using the cryptocurrency as a payment, Market Insider reported...

Blog • 26 March 2021, Friday, 08:00

New Zealand Pension Fund Provider NZ Funds Management Takes Bitcoin Leap

The New Zealand-based NZ Funds Management-run KiwiSaver pension fund has sunk about 5% of its USD 245m holdings into bitcoin (BTC), claiming that the token will feature in more KiwiSaver plans in the future. The KiwiSaver program is government-endorsed, and both individuals and companies can contribute to it but a number of competing providers offer differentiated products, or growth funds. Some 270 such funds currently exist. Per a report from Stuff, NZ Funds Management began allowing crypto in...

Blog • 23 March 2021, Tuesday, 23:00

This Is How Satoshi Nakamoto Defended Bitcoin Mining & Converted A Skeptic

Reddit users have been looking back with no small amount of nostalgia at a forum post by the Bitcoin (BTC) founder Satoshi Nakomoto that dates back to August 7, 2010 – and sees the network architect change a skeptic’s mind about the energy efficiency of mining BTC. The post comes from the Bitcoin Talk forum, in a thread created by a user named Gridecoin. In their original post, Gridecoin opined that while they considered BTC to be a worthy project, energy issues would likely plague it. They wro...

Blog • 23 March 2021, Tuesday, 15:00

New Uniswap, OKEx Leaves Korea, Overconfident Crypto Investors + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Major decentralized exchange Uniswap (UNI) announced Uniswap v3 that is scheduled to be launched on Ethereum mainnet on May 5. Among other features, it introduces "concentrated liquidity, giving individual [liquidity providers] granular control over what price ranges their capital is allocated to," and "multiple fee tiers, allowing...

Blog • 23 March 2021, Tuesday, 10:00

DeFi Sandwich Traders Get 'Salmonella'

A trader decided to try out an experiment in exploitation as a cautionary tale to all decentralized finance (DeFi) entrants, gaining more than ETH 100 (USD 168,560) in profits from sandwich trading contracts. "Sandwich trading is a lot of fun, but it's not risk free," said Nathan Worsley, founder and Chief Technology Officer of non-custodial marketplace LocalCoinSwap, pointing to a writeup of his "recent alpha discovery: "Salmonella"." Sandwich trading is a strategy by which somebody place...

Blog • 23 March 2021, Tuesday, 06:00

Vaast Crypto Mining Clusters Partners with Heim Technology

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Vaast crypto mining clusters, the fastest growing group of globally distributed GPU and ASIC cryptomining clusters, has partnered with Heim Technology, the ecosystem for spawning holographic temporal blockchains harnessing the power of quantum mechanics and teleportation to create custom mining pools for Primes, the appcoins to be used to pay transaction fees on Heim network. With this association, Vaast crypto...

Blog • 22 March 2021, Monday, 14:00

Russia & China vs. USD, Fed's Chair on Bitcoin, FATF Aims at DeFi + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Fiat news During his visit to China, Russian Foreign Minister Sergei Lavrov called for Moscow and Beijing to reduce their dependence on the US dollar and Western payment systems to push back against what he called the West’s ideological agenda, Reuters reported. "We need to reduce sanctions risks by bolstering our technological independence, by s...

Blog • 22 March 2021, Monday, 10:00

Bitcoin Miner With Own Power Plant Aims For Nasdaq Listing

Another Bitcoin (BTC)-related stock might be available for investors on the Nasdaq exchange as the owner of the vertically integrated BTC mining and power generation facility in Upstate New York, Greenidge Generation Holdings (GGH), aims to go public. GGH, the owner of Greenidge Generation, said it agreed to merge with Nasdaq-listed Support.com, a provider of customer and technical support solutions. The deal is still subject to Support.com shareholder approval and other customary closing condi...

Blog • 20 March 2021, Saturday, 09:00

NFTs Are Selling for Millions, But How Do You Tell a Diamond From a Dud?

With a non-fungible token (NFT)-based digital artwork selling for USD 69.35m, you’d be forgiven for assuming that most NFTs are worth a small — or large — fortune. However, for every multi-million-dollar NFT, there are hundreds, if not thousands, of obscure tokens sold for modest sums. This raises an important question: with so many NFTs flooding the market, how can a potential buyer appraise the ‘inherent’ value of a non-fungible token and evaluate which types of NFT are most likely to apprecia...

Blog • 19 March 2021, Friday, 15:00

Bitcoin Suisse's Profit, Temptation Of Mt. Gox Creditors, Brazil's BTC ETF + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news Crypto financial services firm Bitcoin Suisse AG expects revenues for the full-year 2020 to be in excess of CHF 45m (USD 48.4m) and net profit in excess of CHF 15m (USD 16.13m), Marc Baumann, Head Marketing & Communication of the company, told Cryptonews.com. Per the website, in 2019, Bitcoin Suisse saw USD 22.5m in net revenue ...

Blog • 19 March 2021, Friday, 09:00

Fire Protocol to List FIRE on BitMax

Disclaimer: The text below is a press release that was not written by Cryptonews.com. BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of Fire Tokens (FIRE) under the trading pair of FIRE/USDT on March 19th at 9:00 a.m. EDT. Fire Protocol is the first infrastructure project built based on the Huobi Eco Chain (HECO). Fire Protocol seeks to build more comprehensive functionality and use cases than other ...

Blog • 19 March 2021, Friday, 07:00

Ethereum Moves Ahead With Plans for Earlier Transition to Proof-of-Stake

Ethereum (ETH)’s planned move to a proof-of-stake (PoS) consensus mechanism appears to be gaining further momentum, after developers proposed merging the existing mainnet with the Ethereum 2.0 beacon chain as early as October. The proposal arrives at the same time as another new Ethereum improvement proposal (EIP), EIP-3074, which has outlined batch transactions as a means of reducing existing Ethereum transaction fees. This proposal would be part of the London upgrade planned for July, which w...

Blog • 18 March 2021, Thursday, 19:00

WBTC: Where Bitcoin Meets DeFi

Alexi Lane of Ethereum tokens explorer Ethplorer. _ As bitcoin (BTC) keeps reaching its new all-time highs, all eyes are on the world’s leading cryptocurrency as it dominated news cycles and attracted newcomers to the digital asset industry. The price action of the heavily followed asset is driving attention and investment into Ethereum (ETH)-based protocols such as Uniswap (UNI) and Aave (AAVE) with the total value locked (TVL) in decentalized finance (DeFi) rising by over USD 20bn since Januar...

Blog • 18 March 2021, Thursday, 15:00

Rakuten Points To BTC, Crypto.com & Visa, a16z Dives Into NFT Sea + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news The Japanese e-commerce giant, e-pay and crypto exchange operator Rakuten has taken another step into the crypto sphere, launching a service named Point Bitcoin by Rakuten Point Club. In a press release shared with Cryptonews.com, the firm said that the service “enables users to experience trading” bitcoin (BTC) using its Rakuten Po...

Blog • 18 March 2021, Thursday, 13:00

SEC Lists 3 Reasons for Seeking Ripple Execs' Financial Info on XRP Deals

The US Securities and Exchange Commission (SEC) explained why they require personal financial information about executives in their case against blockchain company Ripple, claiming it to be the only way to see XRP movements in full, and determine if and how much the executives "enriched themselves." In the legal battle in which the regulator claims XRP token is an “unregistered security” and that Ripple and its executives sold it as such, the SEC recently asked for personal financial information...

Blog • 17 March 2021, Wednesday, 19:00

Why The Return Of High Inflation Can No Longer Be Excluded

Radu Vranceanu and Marc Guyot are professors of economics at ESSEC Business School. _ The Covid-19 pandemic has caused worldwide economic devastation. In the EU and the United States, many early emergency measures sought to address the shortcomings and disorganization of health care systems. Other policy measures were textbook demand-management and liquidity-provision programs, not unlike those adopted during the 2008-2009 global financial crisis. While many economists called attention on the su...

Blog • 17 March 2021, Wednesday, 17:00

BTCS Generating Revenue By Securing Smart Contract-Based Proof-Of-Stake Blockchains

Disclaimer: The text below is a press release that was not written by Cryptonews.com. In 2021, companies are enhancing their treasury management strategies to realize improved returns by allocating liquid funds to cryptocurrencies. This shift marks a significant advance in the institutionalization of the cryptocurrency market. In this environment, well-known cryptocurrencies such as bitcoin and ethereum have shown solid appreciation as both have more than doubled in price since the end of 2020. ...

Blog • 16 March 2021, Tuesday, 19:00

MP Claims that Russia’s Crypto Tax Threshold Is Subject to Change

Russian parliamentarians could be set to alter the soon-to-be-imposed legal threshold for crypto tax declarations, a State Duma committee member has conceded. As previously reported, lawmakers have previously voted in favor of a bill that would force crypto traders to declare total annual earnings of over USD 8,250 per year. Those failing to declare may be hit with fines of 10% or more of the undeclared amount – with jail sentences and heavy fines looming for those who do not pay up quickly enou...

Blog • 16 March 2021, Tuesday, 15:00

Accidental Gift To ETH Miners, Cardano Rallies On Coinbase Pro News + More

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Mining news Nvidia, an American tech company, confirmed that it has accidentally removed the hash rate limiter on its RTX 3060 graphic cards in some configurations, The Verge reported. Nvidia’s latest 470.05 beta driver automatically unlocks performance for most RTX 3060 cards, boosting hashing rates for Ethereum (ETH) mining, the report said, ad...

Blog • 16 March 2021, Tuesday, 13:00

Misinfo Over Gemini Bitcoin Inflow Reminds To DYOR

Analysts have blamed misinfo for bitcoin (BTC)’s correction yesterday from USD 60,000 to below USD 54,000, with a whale alert from CryptoQuant suggesting that nearly BTC 19,000 (USD 1bn) flowed into Gemini exchange, potentially to be sold. While CryptoQuant was initially sticking by its interpretation of the BTC flow, other analysts are suggesting either that the movement was internal or that it was Gemini topping up its liquidity from another exchange. Either way, their arguments point to the ...

Blog • 16 March 2021, Tuesday, 09:00

Sushi is Expanding to Avalanche While Ethereum Camp Fights High Fees

Major DeFi protocol SushiSwap (SUSHI) has announced its expansion to the Avalanche (AVAX) smart contract platform, while the Ethereum (ETH) camp is looking for new ways to curb its sky-high fees that force its users to look for alternatives. SushiSwap, which launched in the second half of 2020 during the height of the DeFi summer, has decided to offer its users another trading venue. Users can perform core swaps and liquidity mining on Avalanche as they do with SushiSwap on Ethereum, "but with ...

Blog • 15 March 2021, Monday, 11:00

Who's Metakovan, The Buyer of USD 69M Beeple's NFT

MetaKovan is the pseudonymous buyer of a non-fungible token (NFT) piece valued at nearly USD 70m - but some claim to know his identity, and that there is a conflict of interest present given the existing business association with the artist, while others are unsure if the buyer was buying artwork or clout. On March 12, it was officially announced that MetaKovan, the founder of NFT fund Metapurse, bought artist Beeple's NFT piece 'Everyday: The First 5000 Days' for the record-breakin...

Blog • 15 March 2021, Monday, 05:00

Latest Episode of India’s Crypto Ban Soap Draws Decidedly Mixed Reviews

Yet another “unnamed Indian government source” has come forward with forecasts of doom – telling Reuters that New Delhi is set to unveil a law “banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets,” and stamping out mining. But, once again, everything may not be quite as it seems, according to one of the crypto industry insiders quoted in the article. Sumnesh Salodkar, a crypto consultant, wrote on Twitter that the article’s title – “India to propose...

Blog • 13 March 2021, Saturday, 08:00

Bitcoin Conquers USD 60,000 As Demand Exceeds Supply

The most popular cryptocurrency, bitcoin (BTC), reached another milestone today, surpassing the USD 60,000 level for the first time in its history. At the time of writing (12:06 PM UTC), BTC trades at USD 59,927, correcting from its new all-time high of USD 60,445 (per Coingecko.com), reached earlier today. The price is still up by 6% in a day and 22% in a week. It rallied by 33% in a month and 1,063% in a year. Other major cryptoassets are also in green today, with ethereum (ETH) extending its...

Blog • 12 March 2021, Friday, 12:00

MicroStrategy Does Its Bitcoin Thing Again, Man Group CEO Warns + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investments news US-based business intelligence company MicroStrategy bought additional BTC 262 for around USD 10.5m in cash at an average price of USD 57,146 per coin. Per CEO Michael Saylor, as of March 12, the company holds BTC 91,326 (USD 5.25bn) acquired for USD 2.21bn at an average price of USD 24,214 per bitcoin. Luke Ellis, CEO of Man Gro...

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